sharpfokus
  • Asjmp
  • English
  • ABMM
  • ADMF
  • AVIA
  • BBTN
  • BISI
  • BLTZ
  • BNII
  • BNLI
  • BRMS
  • BUKK
  • BVIC
  • CMNP
  • CMNT
  • DLTA
  • DRMA
  • DVLA
  • DYAN
  • EAST
  • FASW
  • GOTO
  • HEXA
  • IKBI
  • INTD
  • IPPE
  • ITMG
  • JIHD
  • KDSI
  • KIJA
  • MEGA
  • MERK
  • MMLP
  • MPMX
  • MTDL
  • MTEL
  • NFCX
  • NISP
  • OKAS
  • RIGS
  • SLIS
  • STAA
  • STTP
  • TGKA
  • VICI
  • WEHA
  • WIRG
  • WOMF
  • Home
  • BERK
  • CL
  • CVX
  • CVX
  • FB
  • GOLD
  • INTC
  • IP
  • MAR
  • PG
  • PEP
  • T
  • TSN
  • TWTR
  • TXN
  • V
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • Stockbit
  • TIRA
  • Meeting
  • MBAP
  • HTUFS
  • 7Steps
  • INTA
  • Model
  • MCOL
  • ESTI
  • Intern
  • Stockbitapp
  • SONA
  • Model1
  • Pdf
  • OBMD
  • PSKT
  • DGIK
  • Data
  • Above
  • IATA
  • mm
  • Untitled
  • Capital
  • Subscribe
  • SharpfokUS
Picture

MBSS 20% yield forecast

MBSS Current 1,085 Target 2,362 + 118%

October 21, 2022
1 minute read


  • MBSS last 12 months sales growth + 22%
  • MBSS last 12 months cash flow + 20% of market cap
  • MBSS last 12 months Capital + 3% of market cap
  • MBSS latest net cash + 25% of market cap

Sales grew 10%
Last 5 quarters growth & sales million dollars
12% -4% -18% 40% 10%
20.4 19.6 16.1 22.5 24.8
  • Sales grew 10% in the third quarter to 24.8 million dollars ; our forecasts v sales is + 6% now.
  • This brings the average to 7% growth.
  • We predict average growth of 1% in this next 12 months to bring sales to 25.5 million dollars in the third quarter 2023.
​
Costs down profit up
Last 5 quarters cost ratio & profit million dollars
-54% -34% -63% -55% -54%
4.2 7.5 0.7 5.0 6.3
  • The cash cost ratio went from -55% to -54% profit from 5.0 to 6.3 million dollars in the third quarter.
  • The average cost ratio is at -51% now.
  • We use the latest -54% cost ratio to predict a 6.6 million dollars profit in the third quarter 2023.
​
Cashflow higher
Last 5 quarters operating & investment million dollars
6.1 8.8 6.7 7.0 14.9
-1.6 -2.1 -8.0 -6.1 5.1
  • Free cashflow went from 0.9 to 20.0 million dollars in the third quarter with 5.1 million dollars investment cashflow.
  • Average quarterly Cashflow is at 6.6 million dollars now.
  • We assume -2.8 million dollars investment cashflow which with higher sales gives 8.9 million dollars average Cashflow in the next 12 months.
​
Net cash up
Last 5 quarters cash & liabilities million dollars
36 27 26 40 59
20 9 9 21 26
  • Cash increased 40 to 59 million dollars in the third quarter.
  • Liabilities increased 21 to 26 million dollars so net cash was up 20 to 33 million dollars .
  • With our forecast cashflow & -26.1 million dollars equity -4.8 million dollars liabilities net cash will be 43 million dollars in 12 months time.
​
Capital improved
Last 5 quarters cumulative capital , liabilities & equity million dollars
93.0 108.8 108.8 95.3 96.4
2.4 15.8 0.0 -13.5 1.1
0 0.0 0.0 0.0 0.0
  • MBSS cumulative capital improved 95.3 to 96.4 million dollars with + 1.1 & 0.0 million dollars from liabilities, equity in the third quarter & will be 127 million dollars in12 months time.
  • At the current market value of 132 million dollars based on our forecasts it’s at 0.7 X assets with a 4 years payback & a 20% yield.
  • Our 12m cashflow forecast is 36 million dollars (vs 27 million dollars the last 12m) which means a 4 X valuation. A 8 X valuation gives a 118% higher target price 2,362 rupiah.
Picture
SUBSCRIBE
  • Asjmp
  • English
  • ABMM
  • ADMF
  • AVIA
  • BBTN
  • BISI
  • BLTZ
  • BNII
  • BNLI
  • BRMS
  • BUKK
  • BVIC
  • CMNP
  • CMNT
  • DLTA
  • DRMA
  • DVLA
  • DYAN
  • EAST
  • FASW
  • GOTO
  • HEXA
  • IKBI
  • INTD
  • IPPE
  • ITMG
  • JIHD
  • KDSI
  • KIJA
  • MEGA
  • MERK
  • MMLP
  • MPMX
  • MTDL
  • MTEL
  • NFCX
  • NISP
  • OKAS
  • RIGS
  • SLIS
  • STAA
  • STTP
  • TGKA
  • VICI
  • WEHA
  • WIRG
  • WOMF
  • Home
  • BERK
  • CL
  • CVX
  • CVX
  • FB
  • GOLD
  • INTC
  • IP
  • MAR
  • PG
  • PEP
  • T
  • TSN
  • TWTR
  • TXN
  • V
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • Stockbit
  • TIRA
  • Meeting
  • MBAP
  • HTUFS
  • 7Steps
  • INTA
  • Model
  • MCOL
  • ESTI
  • Intern
  • Stockbitapp
  • SONA
  • Model1
  • Pdf
  • OBMD
  • PSKT
  • DGIK
  • Data
  • Above
  • IATA
  • mm
  • Untitled
  • Capital
  • Subscribe
  • SharpfokUS